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Can environmental taxes and payments for ecosystem services regulate pollution when the resilience of water bodies is surpassed?

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  • Tobón Orozco, David

    ()

  • Molina, Carlos

    ()

  • Vargas, Harvey

    ()

Abstract

Resumen: La naturaleza incierta de la propiedad de resiliencia de los cuerpos de agua y los efectos acumulativos de la polución hacen que los instrumentos económicos tradicionales de regulación ambiental no sean suficientes para asegurar la provisión sostenible de agua potable. Los Pagos por servicios ecosistémicos (PSA) no valoran todos los servicios que los ecosistemas proveen y hay incentivos escasos a demandarlos dada su naturaleza de bienes públicos. Se requieren impuestos ambientales más altos que consideren que los cuerpos de agua tienen un nivel muy bajo de capacidad de resiliencia. / Abstract : The uncertain nature of the resilience of water bodies and the cumulative effects of pollution make traditional economic instruments for environmental regulation not enough to ensure the provision of drinking water. Payments for ecosystem services (PES) do not value all the services that ecosystems provide and there are scarce incentives to demand them given its nature of public good. High environmental taxes that consider water bodies to have a very low level of resilience will be required.

Suggested Citation

  • Tobón Orozco, David & Molina, Carlos & Vargas, Harvey, 2018. "Can environmental taxes and payments for ecosystem services regulate pollution when the resilience of water bodies is surpassed?," Borradores Departamento de Economía 017179, Universidad de Antioquia - CIE.
  • Handle: RePEc:col:000196:017179
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    File URL: http://bibliotecadigital.udea.edu.co/bitstream/10495/10466/1/TobonDavid_2018_CanEnvironmentalTaxes.pdf
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    More about this item

    Keywords

    Polución; Agua potable; Impuestos pigouvianos; Pagos por serviciosambientales; Resiliencia;

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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